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Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M-$500M Hit to 2023 Earnings

"The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of 'Barbie' as well as incremental impact from strike-related factors," the entertainment giant says in a regulatory filing.

reddig33 ,

Really? I thought Zaslav was all about getting rid of scripted programming to save money. I would think this would be his dream come true.

luckyhunter ,

Are there any non-union production studios/companies out there? You’d think a strike like this would be a massive opportunity for studios and talent that otherwise wouldn’t have access to theaters or be drowned out with all the other new releases.

Sunforged ,

No but plenty of independent studios have already agreed to the terms the strike is ongoing over, and are able to continue production.

What do you say Adam?

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